Tax on Unearned Income: an Overview for US Expats

Tax on unearned income

When most people think about income taxes, they think about the taxes that are automatically withheld from their paycheck — or, if they’re self-employed, the quarterly tax estimates they pay to the government based on their expected earnings. While that does make up one component of income taxes, it’s not the only one. It’s important […]

8 Things US Expats Need to Know About Digital Nomad Taxes

Digital nomad taxes

Even just a decade ago, the term “digital nomad” would likely have been met with looks of confusion. Flash forward to today, though, and it’s become a household phrase. With the COVID-19 pandemic leading to an explosion in remote work, more Americans than ever are taking advantage of this newfound flexibility to travel the world […]

Moving to Portugal: A Complete Guide for Digital Nomads

moving to portugal digital nomad visa

In 2022, it’s never been easier to become a digital nomad or a worker who leverages technology to travel worldwide. This is, in part, thanks to the rise of remote work, which is offering more and more people the opportunity to work from home or travel while living overseas.  Portugal, in particular, has become a […]

The Top 8 Things You Need To Know About FATCA

FATCA

Enacted in 2010 by Congress to ensure U.S. taxpayers don’t hide money in foreign accounts to avoid paying taxes, the Foreign Account Tax Compliance Act (FATCA) is regrettably still a cause of confusion and misunderstanding. In this article, we reveal eight crucial things you need to know about FATCA. Let’s dive in. 1. FATCA is […]

The 7 Top Reasons to Become a US Expat

top reasons to become a US expat

There’s never been a better time to become a US expat. In the wake of the COVID-19 pandemic, more companies than ever are willing to hire remote workers and/or allow their current employees to work remotely. But moving to another country means so much more than having a new address — it’s a truly life-changing […]

How to Become a US Expat: Tips to Plan and Prepare

How to become a US expat

Research shows that more and more Americans are feeling tempted to explore life in another country. According to research by the University of Kent, over 33% of Americans aspire to move overseas in the future. As remote work becomes more mainstream, many Americans now have the opportunity to travel abroad while working remotely and explore […]

Dual Citizenship Taxes: A Guide for US Expats

dual citizens taxes US expats

Dual citizenship can create a gateway to extra freedoms – increasing travel possibilities and opening up new economic opportunities.  And yet, one added responsibility associated with holding two passports is potentially dealing with two separate tax systems (in the smartest way possible!). Today’s article aims at dispelling the myths surrounding US taxes for dual citizens […]

Small Business Owners and Form 1099-K: Everything You Need to Know!

small businesses form 1099-k

Are you a small business owner living overseas? Do you earn income or pay contractors through third-party payment processors, such as Stripe or PayPal?  On top of your standard paperwork, such as Form W-9, and confidentiality agreements, there’s another document many small business owners might also have to consider when thinking about taxes: Form 1099-K.  […]